Jericho Energy Ventures Unveils Innovative Modular Data Center Initiative, Transforming Natural Gas Assets into AI Powerhouses
Jericho Energy Ventures (JROOF) has announced the launch of its Modular Data Center initiative, transforming its natural gas assets into AI computing infrastructure. The company plans to leverage its 40,000-acre productive land in Oklahoma's energy corridor to power these data centers, capitalizing on the current pro-energy regulatory environment.
The initiative will be managed from JEV's Tulsa office, focusing on providing secure, modular computing infrastructure specifically designed for AI applications. The company plans to ensure high availability through redundant power solutions, including potential lower-carbon hydrogen fuel options.
This strategic move aligns with industry trends, as highlighted by a McKinsey & Company report projecting global data center demand to grow 19-22% annually from 2023 to 2030, potentially reaching 171-219 gigawatts. The announcement comes amid increasing global investment in U.S. data centers, exemplified by DAMAC Properties' recent $20 billion investment plan across multiple states.
Jericho Energy Ventures (JROOF) ha annunciato il lancio della sua iniziativa Modular Data Center, trasformando i suoi asset di gas naturale in infrastrutture di calcolo AI. L'azienda prevede di sfruttare i suoi 40.000 acri di terra produttiva nel corridoio energetico dell'Oklahoma per alimentare questi data center, capitalizzando sull'attuale ambiente normativo favorevole all'energia.
L'iniziativa sarà gestita dall'ufficio di JEV a Tulsa, concentrandosi sulla fornitura di un'infrastruttura di calcolo modulare e sicura, specificamente progettata per applicazioni AI. L'azienda intende garantire alta disponibilità attraverso soluzioni energetiche ridondanti, comprese potenziali opzioni di carburante idrogeno a basse emissioni di carbonio.
Questa mossa strategica è in linea con le tendenze del settore, come evidenziato da un rapporto di McKinsey & Company che prevede una crescita della domanda globale di data center del 19-22% all'anno dal 2023 al 2030, potenzialmente raggiungendo 171-219 gigawatt. L'annuncio arriva in un contesto di crescente investimento globale nei data center statunitensi, esemplificato dal recente piano di investimento di 20 miliardi di dollari di DAMAC Properties in diversi stati.
Jericho Energy Ventures (JROOF) ha anunciado el lanzamiento de su iniciativa Modular Data Center, transformando sus activos de gas natural en infraestructura de computación de IA. La empresa planea aprovechar sus 40,000 acres de tierras productivas en el corredor energético de Oklahoma para alimentar estos centros de datos, capitalizando el actual entorno regulatorio pro-energía.
La iniciativa será gestionada desde la oficina de JEV en Tulsa, enfocándose en proporcionar una infraestructura de computación modular y segura, diseñada específicamente para aplicaciones de IA. La empresa planea asegurar alta disponibilidad a través de soluciones de energía redundantes, incluidas opciones de combustible de hidrógeno de bajo carbono.
Este movimiento estratégico está alineado con las tendencias de la industria, como se destaca en un informe de McKinsey & Company que proyecta que la demanda global de centros de datos crecerá entre un 19-22% anualmente de 2023 a 2030, alcanzando potencialmente de 171 a 219 gigavatios. El anuncio llega en medio de un creciente interés global en los centros de datos de EE. UU., ejemplificado por el reciente plan de inversión de 20 mil millones de dólares de DAMAC Properties en varios estados.
Jericho Energy Ventures (JROOF)는 자연 가스 자산을 AI 컴퓨팅 인프라로 변환하는 모듈형 데이터 센터 이니셔티브의 출범을 발표했습니다. 이 회사는 오클라호마 에너지 코리더에 위치한 40,000 에이커의 생산 가능한 토지를 활용하여 이러한 데이터 센터에 전력을 공급할 계획이며, 현재의 에너지 친화적인 규제 환경을 활용합니다.
이 이니셔티브는 JEV의 털사 사무소에서 관리되며, AI 애플리케이션을 위해 특별히 설계된 안전하고 모듈형의 컴퓨팅 인프라를 제공하는 데 중점을 둡니다. 회사는 저탄소 수소 연료 옵션을 포함한 중복 전력 솔루션을 통해 높은 가용성을 보장할 계획입니다.
이 전략적 움직임은 업계 동향과 일치하며, 맥킨지 앤 컴퍼니 보고서에 따르면 2023년부터 2030년까지 전 세계 데이터 센터 수요가 연평균 19-22% 증가하여 171-219 기가와트에 이를 것으로 예상됩니다. 이 발표는 DAMAC Properties가 여러 주에서 200억 달러 규모의 최근 투자 계획을 발표한 가운데 이루어졌습니다.
Jericho Energy Ventures (JROOF) a annoncé le lancement de son initiative Modular Data Center, transformant ses actifs de gaz naturel en infrastructure de calcul pour l'IA. L'entreprise prévoit d'exploiter ses 40 000 acres de terres productives dans le corridor énergétique de l'Oklahoma pour alimenter ces centres de données, tirant parti de l'environnement réglementaire actuel favorable à l'énergie.
L'initiative sera gérée depuis le bureau de JEV à Tulsa, en se concentrant sur la fourniture d'une infrastructure de calcul modulaire et sécurisée, spécialement conçue pour les applications d'IA. L'entreprise prévoit d'assurer une haute disponibilité grâce à des solutions d'alimentation redondantes, y compris des options de carburant hydrogène à faibles émissions de carbone.
Ce mouvement stratégique s'aligne sur les tendances de l'industrie, comme le souligne un rapport de McKinsey & Company prévoyant une croissance de la demande mondiale de centres de données de 19 à 22 % par an de 2023 à 2030, atteignant potentiellement 171 à 219 gigawatts. L'annonce intervient dans un contexte d'investissement mondial croissant dans les centres de données américains, illustré par le récent plan d'investissement de 20 milliards de dollars de DAMAC Properties dans plusieurs États.
Jericho Energy Ventures (JROOF) hat den Start seiner Modular Data Center-Initiative angekündigt, die seine Erdgasressourcen in KI-Computing-Infrastruktur umwandelt. Das Unternehmen plant, sein 40.000 Hektar großes produktives Land im Energiesektor von Oklahoma zu nutzen, um diese Rechenzentren mit Strom zu versorgen und von den derzeit günstigen regulatorischen Rahmenbedingungen für Energie zu profitieren.
Die Initiative wird von JEVs Büro in Tulsa geleitet, das sich darauf konzentriert, sichere, modulare Computing-Infrastruktur bereitzustellen, die speziell für KI-Anwendungen entwickelt wurde. Das Unternehmen plant, eine hohe Verfügbarkeit durch redundante Stromlösungen sicherzustellen, einschließlich potenzieller kohlenstoffarmer Wasserstoffbrennstoffoptionen.
Dieser strategische Schritt steht im Einklang mit den Branchentrends, wie ein Bericht von McKinsey & Company zeigt, der prognostiziert, dass die globale Nachfrage nach Rechenzentren von 2023 bis 2030 jährlich um 19-22% wachsen wird und möglicherweise 171-219 Gigawatt erreichen könnte. Die Ankündigung erfolgt vor dem Hintergrund zunehmender globaler Investitionen in US-Rechenzentren, wie das kürzliche Investitionsprogramm von DAMAC Properties in Höhe von 20 Milliarden Dollar in mehreren Bundesstaaten zeigt.
- Strategic expansion into high-growth AI data center market
- Leveraging existing 40,000-acre asset base for new revenue stream
- Alignment with growing data center demand (19-22% annual growth forecast)
- Multiple power source options including natural gas and hydrogen capabilities
- Significant capital investment likely required for data center infrastructure
- Execution risks in transitioning from traditional energy to tech infrastructure
- Dependence on continued AI sector growth and demand
Company well positioned to capitalize on Trump administration's pro-energy regulatory landscape
TULSA, OK AND VANCOUVER, BC / ACCESS Newswire / March 31, 2025 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce the launch of its innovative Modular Data Center venture, utilizing natural gas assets and infrastructure as the foundation for the development of advanced, technology-driven AI computing solutions for the AI era.
JEV's management believes the Company is ideally positioned to capitalize on the Trump administration's pro-energy and pro-development regulatory landscape by leveraging its strategic partnerships, robust infrastructure, prime acreage in Oklahoma's storied energy corridor, and abundant availability of cost-effective natural gas to power data centers.
Jericho's Modular Data Center business will be overseen from its Tulsa, Oklahoma regional office, where the Company's oil and gas joint venture currently owns and operates approximately 40,000 acres of productive land.
By converting its natural gas into long-term reliable on-site power, JEV intends to offer secure, modular, latest and next-generation computing infrastructure tailored for AI applications - enhancing efficiency, reducing waste, and strengthening energy resilience.
In conjunction with this initiative, Jericho will renew its focus on maximizing and developing its traditional energy assets to drive significant production growth.
Brian Williamson, CEO of Jericho, stated: "We are taking a page from the playbook of our industry leaders, utilizing our natural gas and infrastructure as a means to fuel modular AI computing solutions. We believe this unlocks a transformative growth opportunity. By aligning our energy resources with the booming demand for modular AI computing infrastructure, we aim to boost revenue and elevate shareholder value through an innovative, sustainable approach."
"In addition to utilizing natural gas assets to power our modular AI centers, we will work with our local utilities and cooperatives to provide redundant cost-effective power solutions to ensure high availability. We also see the pathway where we can leverage our energy transition assets, offering customers a lower-carbon hydrogen fuel solution for their AI compute."
A McKinsey & Company report from October 24, 2024, stated that demand for AI-ready data centers offers many opportunities for companies and investors across the value chain, and projects that global data center demand could grow 19
Global investment in U.S. data centers is surging. On January 7, 2025, Dubai-based DAMAC Properties announced plans to invest an initial
About Jericho Energy Ventures
Jericho is an energy company positioned to meet today's energy demand as well as the energy transition; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Jericho owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production. Through its wholly owned subsidiary, Hydrogen Technologies, Jericho delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. Etna Solutions, Inc., majority owned by JEV, is developing a patent-pending, high-temperature, low-cost alkaline-based electrolyzer system. We also hold a strategic investment and board position in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis.
Website: www.jerichoenergyventures.com
X: https://x.com/JerichoEV
LinkedIn: www.linkedin.com/company/jericho-energy-ventures
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CONTACT:
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: investorrelations@jerichoenergyventures.com
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will" or "may not" occur. Specifically, this news release contains forward-looking statements relating to, among others, the completion of its new Modular Data Centers initiative launch and successful supplier and customer adoption.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho's public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company's (or its subsidiaries') technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Jericho Energy Ventures Inc.
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